Property News · March 13, 2018

Slowing in Seattle: Amazon holds up office demand as construction activities drop most in a decade


Seattle’s record construction boom may have peaked: Development activity across the central part of the city is declining at the fastest rate in at least 12 years.
At the end of this past year, there were 57 active projects underway in the area that stretches from South Lake Union to Sodo, according to a report released Monday by the Downtown Seattle Association. That’s down from a record high of 74 projects six months prior.
The 23 per cent decline amounts to the biggest six-month…

Source : South China Morning Post
Read more…Slowing in Seattle: Amazon holds up office demand as construction activities drop most in a decade

You may also like...